Introducing MasterCoin: A New MASTER in Crypto Town
"A Banker Lends You His Umbrella When It’s Sunny and Wants It Back When It Rains"- Mark Twain
The Banking system has been able to survive over the years, thanks to one feature: The security offered to the client for the safeguarding of their funds. From the moment in which the wealth stops being easy to keep safe. The domain of banks arises. They receive our money and keep a record of all the depositors. This same money is used by the bank to make loans, and perhaps the bank shares a small percentage with its clientele.
With the advent of cryptocurrency, unprecedented volatility comes with it. The small percentages that the bank offers pale in comparison with the profit potential of these markets. But, in counterpart, it is to be supposed that this volatility generates suddenly crashes, Ponzi schemes, and scams of all kinds. A situation that leaves in limbo those who try investing in cryptocurrencies.
Having said that, we do not want to depend entirely on the banking system, but we do not want to be scammed with empty projects either. We also want total control of our funds as long as possible. And this is only possible under a decentralized exchange.
What MasterGroup proposes?
The vision of the MasterGroup proposes the adoption of a secure "hybrid centralized / decentralized wallet", through which the users have the possibility of making transactions with other users using an "automated system that manages collateralization and ensures that you receive your funds and interest". With a platform as powerful as intuitive, even for the average user.
To achieve its objectives, the MasterGroup divides its functions into four platforms:
MasterCoin: fast, privacy-enabled cryptocurrency that can be used as a payment system (with an 80 million as max supply).
MasterSafe: A powerful cloud-wallet that solve the bother of having running wallets on local machines, or renting (and sometimes annoying configurations) VPS.
MasterPool: Where we can put our holdings in a Multi-POS system, including the most successful and promising POS coins at the given moment. the Key Words here: MULTISHARED MASTERNODES.
MasterDex: A Place where we can get the best from the two systems. The security of a decentralized exchange and the stability of a centralized exchange. Even Margin Trading options would be available on this one (Wow!!).
The Block Reward allocation seems pretty cool and It's sustainable compared to other projects:
I'm very excited about the endless possibilities with MasterCoin. And there is a growing community that is realizing also about what the Developers actively share through Discord and Twitter, and make me think this project could get a good ride, even in this bear market.
These opinions are derived from my own investigation and don't pretend to be a financial advice. Please, Do your own research, (DYOR).
Important links related:
Website: https://mastercoin.one/
Github: https://github.com/mastercoinone/mastercoin
Discord: https://discord.gg/zk7Kskh
Twitter: https://twitter.com/MasterCoin_one
BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=4567811.0
Block Explorer: http://explorer.mastercoin.one/
Wallet: https://github.com/MasterCoinOne/MasterCoin/releases
Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2173406